Pinnacle West Capital Corporation (NYSE:PNW) Receives Consensus Rating of “Hold” from Brokerages

Pinnacle West Capital Corporation (NYSE:PNW) has received an average rating of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $96.1667.

Several brokerages recently issued reports on PNW. Royal Bank Of Canada raised Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th. Zacks Research raised Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Wednesday, October 8th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $99.00 price objective on shares of Pinnacle West Capital in a research note on Monday, October 20th. Finally, TD Cowen began coverage on shares of Pinnacle West Capital in a research report on Thursday, October 16th. They set a “hold” rating and a $97.00 target price for the company.

Hedge Funds Weigh In On Pinnacle West Capital

A number of hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in Pinnacle West Capital during the second quarter valued at $114,384,000. Capital Research Global Investors raised its position in shares of Pinnacle West Capital by 5.0% in the 3rd quarter. Capital Research Global Investors now owns 15,853,302 shares of the utilities provider’s stock worth $1,421,407,000 after acquiring an additional 758,190 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Pinnacle West Capital by 8.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,223,725 shares of the utilities provider’s stock valued at $647,679,000 after purchasing an additional 568,581 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Pinnacle West Capital by 133.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 920,687 shares of the utilities provider’s stock valued at $81,665,000 after purchasing an additional 526,212 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Pinnacle West Capital by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider’s stock valued at $1,322,482,000 after purchasing an additional 316,629 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Stock Up 0.3%

NYSE:PNW opened at $92.62 on Friday. Pinnacle West Capital has a one year low of $84.23 and a one year high of $96.50. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.67 and a quick ratio of 0.49. The company has a market cap of $11.09 billion, a PE ratio of 19.02, a P/E/G ratio of 9.34 and a beta of 0.55. The firm’s 50 day simple moving average is $88.78 and its 200 day simple moving average is $89.77.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.35. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Pinnacle West Capital had a net margin of 11.20% and a return on equity of 8.57%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.37 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS and its FY 2025 guidance at 4.900-5.100 EPS. On average, research analysts anticipate that Pinnacle West Capital will post 5.13 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio is currently 74.74%.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation is a publicly traded utility holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Arizona Public Service Company (APS), Pinnacle West generates, transmits and distributes electricity to more than one million residential, commercial and industrial customers across central and southern Arizona. The company’s regulated operations focus on delivering safe, reliable power while meeting evolving environmental standards.

The company’s diversified generation portfolio includes natural gas–fired plants, the nuclear-powered Palo Verde Generating Station—the largest nuclear facility in the United States by net output—plus growing investments in solar and battery storage projects.